PR86851

CLARK, N.J., Nov. 25, 2020 /PRNewswire=KYODO JBN/ --

- Wins Procurement Consultancy Project Award for having delivered tens of

millions in year-over-year cost savings for leading global manufacturer

- Cited for unique integrated combination of strategy, managed services and

technology solutions to transform procurement

- Follows on the heels of Best Procurement Software Award, as well as

short-listing Procurement Consultancy Project Award, at the recent annual World

Procurement Awards

GEP, a leading provider of supply chain software and services to Fortune 500

and Global 2000 enterprises worldwide, announced that it has won Asia's

prestigious Procurement Consultancy Project Award at the Asia Pacific

Procurement Success Awards 2020, held recently in Shanghai.

Logo - https://mma.prnewswire.com/media/518346/GEP_Logo.jpg

GEP received the top consulting honor for transforming the procurement

operations of a Fortune 500 manufacturer, delivering tens of millions in

bottom-line savings from the company's spend of Euros 700 million. Now in its

second year, GEP has contributed more than the planned 10% cost savings and

made significant improvements to the client's procurement operations through an

integrated consulting, managed services and technology solution. By

digitalizing the client's entire procurement operations with GEP SMART, the

industry's leading cloud-native, source-to-pay platform, GEP established

real-time, data-driven dashboards (control towers) to deliver and track savings.

"This award is an important acknowledgement of GEP's ability to integrate

consulting, managed services and technology to significantly improve the

financial performance of global companies on a sustainable basis throughout

Asia," said Michael Seitz, vice president, GEP Consulting, China. "We're even

more excited about the third year of this program, as we apply demand

management, total cost of ownership management and strategic supplier

partnerships to drive additional cost reduction, user satisfaction and

compliance for our client."

GEP is the only firm globally that provides end-to-end procurement and supply

chain strategy, managed services and technology solutions under one umbrella.

That makes us the one-handshake solution for most of our clients' requirements.

GEP manages approximately $200 billion in spend across 300+ direct and indirect

categories for our clients worldwide.  

Procurement Success Awards recognizes the most outstanding corporate

procurement teams and projects in Asia. In 2020, it attracted hundreds of

submissions from 13 countries from across the region. This award comes on the

heels of GEP being named a finalist in Best Procurement Consultancy at the 14th

annual World Procurement Awards, hosted recently by Procurement Leaders in

London. To learn more about why GEP won, visit

https://www.gep.com/strategy/procurement-consulting.

About GEP

GEP delivers transformative supply chain solutions that help global enterprises

become more agile and resilient, operate more efficiently and effectively, gain

competitive advantage, boost profitability and increase shareholder value.  

Fresh thinking, innovative products, unrivaled domain expertise, smart,

passionate people -- this is how GEP SOFTWARE(TM), GEP STRATEGY(TM) and GEP

MANAGED SERVICES(TM) together deliver supply chain solutions of unprecedented

scale, power and effectiveness. Our customers are the world's best companies,

including hundreds of Fortune 500 and Global 2000 industry leaders who rely on

GEP to meet ambitious strategic, financial and operational goals.

A leader in multiple Gartner Magic Quadrants, GEP's cloud-native software and

digital business platforms consistently win awards and recognition from

industry analysts, research firms and media outlets, including Gartner,

Forrester, IDC and Spend Matters. GEP is also regularly ranked a top supply

chain consulting and strategy firm, and a leading managed services provider by

ALM, Everest Group, NelsonHall, IDC, ISG and HFS Research, among others.

Headquartered in Clark, New Jersey, GEP has offices and operations centers

across Europe, Asia, Africa and the Americas. To learn more, visit www.gep.com.

Media Contact

Derek Creevey

Director, Media & Public Relations

GEP

Phone: +1 732-382-6565

Email: derek.creevey@gep.com

SOURCE: GEP